Idaho Veneer cuts back production

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Poor market prices will lead Idaho Veneer to cut back lumber production at its Post Falls and Samuels facilities, according to a report in the Spokane, Wash., Spokesman-Review.

According to the report, company officials said the cutbacks won’t affect the approximately 100 workers at the Post Falls facility and 50 at the Samuels facility. Those employees will switch to veneer production.

Dan Malloy, company co-owner, said the veneer market has been stable while the demand for lumber has gone down sharply, due to the fact that fewer new homes are being built.